HORTON D R INC /DE/ — Director's Dealing 2017

Nov 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
Period of Report: 2017-11-22

Reporting Person: WHEAT BILL W (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-22	Common Stock	F	12585	$49.58	Disposed	100081	Direct
2017-11-24	Common Stock	M	12000	$14.50	Acquired	112081	Direct
2017-11-24	Common Stock	M	24000	$9.03	Acquired	136081	Direct
2017-11-24	Common Stock	S	19677	$49.6529	Disposed	116404	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-24	Employee Stock Option (right to buy)	$14.50	M	12000	Disposed	2018-02-11	Common Stock (12000)	Direct
2017-11-24	Employee Stock Option (right to buy)	$9.03	M	24000	Disposed	2019-02-09	Common Stock (24000)	Direct

Footnotes

F1: These shares were surrendered to issuer to cover tax obligations of the 30,000 shares of DHI common stock issued in settlement of time based restricted stock units awarded November 5, 2014 and settled on November 22, 2017.

F2: Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 11 and vests as to the remaining 10% 9.75 years after the option grant date of February 11, 2008. February 11, 2009 reflects the one-year anniversary date from the date of the stock option grant.

F3: Stock option has a 10-year term, vested as to 10% of the option grant amount on each of the first nine anniversary dates of February 9 and vests as to the remaining 10% 9.75 years after the option grant date of February 9, 2009. February 9, 2010 reflects the one-year anniversary date from the date of the stock option grant.